Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.1% – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares dropped 0.1% during trading on Friday . The stock traded as low as $190.17 and last traded at $191.06. Approximately 2,769,503 shares traded hands during trading, a decline of 82% from the average daily volume of 15,317,162 shares. The stock had previously closed at $191.24.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 0.6 %

The firm has a fifty day moving average price of $187.92 and a 200 day moving average price of $173.91. The firm has a market capitalization of $985.83 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 0.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BOKF NA increased its stake in Taiwan Semiconductor Manufacturing by 4.8% in the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 81 shares in the last quarter. HF Advisory Group LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 55.5% in the third quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock valued at $2,389,000 after buying an additional 4,907 shares in the last quarter. Impax Asset Management Group plc increased its position in shares of Taiwan Semiconductor Manufacturing by 33.7% in the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock valued at $4,588,000 after buying an additional 6,664 shares in the last quarter. Advisor Resource Council acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $613,000. Finally, Callahan Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 67.1% in the 3rd quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock worth $1,452,000 after buying an additional 3,358 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.